Australian shares are set to open lower, though a late rally in New York helped check earlier futures losses.
Westpac said it would reduce contactless debit card fees for small businesses by routing payments via the eftpos network.
Virgin Australia administrator Deloitte will retain the keys to the airline until at least September 4, after delaying the all important creditor vote by one week.
The Australian economy is in for a more subdued recovery than previously predicted, the Reserve Bank says, but unemployment is set to rise.
Goods exports to China are now worth around 8.5 per cent of Australia's GDP.
The unprecedented mix of ultra-low interest rates, fiscal stimulus and COVID-19 are starting to exaggerate the divergent performance of sharemarket sectors.
The Australian sharemarket has proved relatively immune to the bad news from Victoria, thanks to the emergence of a four-speed market.
More than half of Virgin Australia's jobs are safe under an ambitious plan to reboot the airline under private equity ownership.
New York-based Ian Taylor will return to Australia to head Goldman Sachs' local equity capital markets business.
The Sydney-based venture capital firm raised the record-breaking fund while revealing a 9200 per cent return on a single investment from its first fund.